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Most cars are worth a fraction of their original cost after five years.
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Published: August 21, 2008, 09:00
Take two: Best resale carsBy Mazhar Farooqui, Leisure Editor
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Most cars are worth a fraction of their original cost after five years. XPRESS gets auto experts to tell you which vehicles hold their worth better than others.
Compact/ small saloons
The Toyota Yaris and Honda Jazz retain the most (55-60 per cent) residual value after 3 years in the hatchback and compact car categories while the Toyota Corolla and Honda Civic lead the pack of small saloons, says Michael Brightmore, General Manager, Al Futtaim Automall. The Nissan Tiida and Chevrolet Aveo are also considered good buys by auto experts because of their slower depreciation rates.
MID-SIZE and large SALOONS
The Honda Accord and Toyota Camry are likely to hold around 60 per cent of their value after three years. As vehicle depreciation in mid-size saloons goes, that’s as good as gold. Among large saloons, the Ford 500, Mercedes S Class, BMW 7 Series and Audi A8 models will still be worth a lot of money after 4-5 years because of their brand reputation and desirability, says Mohammad Sa’ad, who runs a used car showroom in Sharjah’s Abu Shagara area.
Sports utility vehicles
Julian White, Sales and Operations Manager, 4X4 Motors, reckons the ubiquitous Toyota Prado has the maximum resale value followed by the Mitsubishi Pajero, Toyota Land Cruiser, Nissan Patrol and Jeep Wrangler. But Sameer of Western Auto contends that any list of the best reselling SUVs would be incomplete without the Rav4. The unassuming Hyundai Tucson and the Ford Explorer are also good investments. Among big SUVs, nothing beats the GMC Acadia and Ford Expedition.
SPORTS coupés and roadsters
At Dh265,000, buying the Porsche 911 coupé can hurt, but on the plus side, after five years it will still retain a 45-50 per cent value, making it arguably one of the best selling sports coupés in the UAE. "The residual value of the Audi R8, BMW 6 series and Aston Martin are also good," says Harish, Sales Manager, Exotic Cars. Other hands down winners in this category include the Ford Mustang and the Corvette.
NEWS facts
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